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Bedrooms 16 | Bathrooms 12: Offers Around $680k
* SMART INVESTORS ONLY!!!
* DEVELOPMENT OPPORTUNITY!!!
* REDUCED!!!
* MAKE AN OFFER!!!
* NO HOLDING COSTS!!!
* LAND AND APPROVED PLANS FOR A BOUTIQUE GROUP OF 8 LUXURY APARTMENTS!!!
* IT’S THE EQUIVALENT OF BUYING 7 APARTMENTS AND GETTING ONE FREE!!!
***THIS PROJECT IS NOW AVAILABLE BE QUICK!!!***
15 Minutes City to Surf
Opportunity for Major Capital Growth
Cost Neutral Property
Smart Investment
READY TO START!!!
***A Potential Saving of up to $45,000.00 per unit for the right Developer***
***A Potential Cash Flow Positive Investment with at least a 6.50% return p.a!!!***
Located only 10km from the Perth CBD, only metres from public transport, shops and parks, this opportunity is too good to be missed!
What are my options with this property?
1. Buy the Land and Develop it yourself From $680,000.00 (All Reasonable Offers Considered).
2. Buy the Completed Project From $2,240,000.00
2a) Retain ALL 8 Apartments and rent out. At least a 6.5% return per annum.
2b) On-Sell ALL 8 Apartments and Profit.
3. Gather up to 8 Investors to buy an apartment each.
4. THE LIST GOES ON
What this property offers!
*877 sqm block
*DA Approved Plans & Reports
*Zoned R40
*City Views
*Development Opportunity
*Close to schools
*Close to shops
*Easy access to transport
*10km from Perth CBD
* Owner of the property is a Registered Builder that can build the project on an investor’s behalf
* Existing Granny Flat, Pool, Wood Floors and Other Potential Salvageable Materials
What this price includes:
*DA Approved Plans & Reports
* DFES Approved
* Energy Efficiency
* Acoustic Report
* WABCA Preliminary Documents
* Prospectus for Saleability
* $50k worth of works to date, documents, drawings, approvals and reports.
This fantastic development or investment opportunity is centrally located in the most sought-after street in Westminster (Balcatta Border) right on the peak of a hill overlooking the City. Just 10kms North of the CBD and 8kms from North Beach, it is also close to public transport and walking distance from Schools and 3 Local Shopping Centres, nestled on a quiet street with leafy parks at either end and a Local Community Garden, close to all major arterial roads, but far enough away for some much needed peace and quiet.
The existing tenanted home sits on a huge 877sqm R40 block with DA approved plans for:
4x GROUND FLOOR APARTMENTS 2x1x1′s
4x 2nd FLOOR (CITY VIEW) APARTMENTS 2x2x1′s.
All the Hard Work is DONE Preliminary Drawings, Development and Council Approval, Acoustic Report, Fire & Engineering Documents, WABCA Documents and Prospectus for Saleability already in place, all you need to do is DEVELOP & PROSPER!
Please contact the property owner for any further information.
TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE “Get In Touch” BUTTON, OR THE “Email Agent” BUTTON OR “Email” BUTTON.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.